EU Officials Play Down Greek Talk of Deal Soon

TODAY: May 28, 2015 PUB DATE: May 28, 2015

ATHENS—Officials in Athens suggested that talks with Greece's creditors over fresh bailout funds had reached a final stage, though European Union officials said negotiators still had much work to do before sealing a deal. Teams from Greece and its international ...

IRS Data Breach Draws Capitol Hill Scrutiny

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By John D. McKinnon Lawmakers are stepping up their scrutiny of computer security at the Internal Revenue Service in the wake of a serious data breach affecting at least 100,000 households. Sen. Orrin Hatch (R., Utah), the chairman of the ...

Swiss April Exports Slip As Franc Hits Demand

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Neil MacLucas ZURICH--Switzerland's exports declined in April as the strength of the Swiss franc curbed demand in the European Union and the U.S. for its chemicals, pharmaceuticals and watches. Exports in April fell 1.3% from a year earlier, in ...

EU, National Governments Agree Investment Fund

TODAY: May 28, 2015 PUB DATE: May 28, 2015

BRUSSELS—European Union lawmakers and national governments Thursday agreed on legislation to create a €315 billion ($342.9 billion) investment fund, ensuring that one of the EU's main efforts to jump start Europe's weak economy starts financing projects. The investment fund is ...

UK First-Quarter Growth Unrevised

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Jon Sindreu and Jason Douglas LONDON--A fresh batch of official data for the U.K. confirmed the economy slowed in the first quarter of the year, scotching hopes growth would be revised up. U.K. gross domestic product rose 0.3% during ...

Libor Accused Received Help from Boss, Evidence Shows

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By David Enrich LONDON--The man accused of being the ringleader of a global interest-rate-rigging conspiracy received a helping hand from his boss, according to evidence presented in a London trial Thursday. Tom Hayes, a former UBS AG trader in Tokyo, ...

Brazil's Senate Clears Second Austerity Bill -- Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Paulo Trevisani And Djania Savoldi BRASÍLIA--The Brazilian Senate on Wednesday approved a controversial bill meant to save taxpayer money by reducing pension payments to widows. The measure is part of a broader effort to reduce the government's high debt ...

Brazil's Senate Clears Second Austerity Bill

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Paulo Trevisani And Djania Savoldi BRASÍLIA--The Brazilian Senate on Wednesday approved a controversial bill meant to save taxpayer money by reducing pension payments to widows. The measure is part of a broader effort to reduce the government's high debt ...

Australian Businesses Scale Back Investment Plans, A$ Slumps

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By James Glynn SYDNEY--Australian firms sharply scaled back planned investment over the coming year, as the downturn in mining accelerates and creates a stiff headwind for growth. The Australian dollar shed close to half a U.S. cent as the government ...

Oil Rangebound Ahead of Weekly U.S. Inventory Data

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Eric Yep Crude-oil futures stabilized in Asian trade Thursday after another round of overnight losses, and investors will be looking to weekly U.S. oil inventory data due today for more cues. On the New York Mercantile Exchange, light, sweet ...

ICTSI Buys Mexican Port Developer For $54.5 Million

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Cris Larano MANILA--Philippine-based port operator International Container Terminal Services Inc. (ICT.PH) said Thursday it acquired all the shares in Terminal Maritima de Tuxpan, S.A. de C.V. for $54.5 million. Terminal Maritima has a concession to build and operate a ...

Bank of Russia Buys Another $200 Million to Top Up FX Reserves

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Andrey Ostroukh MOSCOW--Bank of Russia bought another $200 million on the Moscow exchange on Tuesday, taking the amount of its interventions this month to nearly $2 billion, the central bank said Thursday. The bank is topping up Russia's foreign-currency ...

India's Central Bank Expected to Cut Interest Rate Again

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Gabriele Parussini MUMBAI-The Reserve Bank of India will cut the main interest rate at its policy meeting on Tuesday, analysts predict, in an attempt to kick-start an economy that has been showing signs of decelerating. RBI Governor Raghuram Rajan ...

EU and National Governments Agree $343 Billion Fund

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Matthew Dalton BRUSSELS--European Union lawmakers and national governments Thursday agreed on legislation to create a EUR315 billion ($342.9 billion) investment fund, ensuring that one of the EU's main efforts to jump start Europe's weak economy starts financing projects. The ...

ECB Says Long Greek Talks May Hurt Other Eurozone Borrowers

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Todd Buell and Brian Blackstone FRANKFURT--The European Central Bank upped the pressure on Greece Thursday, suggesting that if the country didn't reach a deal with its creditors quickly, it risked worsening conditions under which some of its other embattled ...

ECB Says Long Greek Talks May Hurt Other Eurozone Borrowers--Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Todd Buell and Brian Blackstone FRANKFURT--The European Central Bank warned in a report Thursday that the Greek debt crisis could spread to other at-risk eurozone countries if Athens fails to reach a financing deal with its international creditors quickly, ...

UK Car Manufacturing in April Down 3.8%; Hit by Lower Exports

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Ian Walker LONDON--U.K. car manufacturing fell 3.8% in April, despite a rise in those made for British customers, as the number of cars for export fell, an industry body said Thursday. A total of 128,312 cars were produced in ...